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Rates and offers current as of December 1, 2016 and are subject to change.

*Annual Percentage Rate. Your actual APR will be determined at the time of disbursement and will be based on your application and credit information. Rates quoted assume excellent borrower credit history. Not all applicants will qualify for the lowest rate. The rate you receive on your loan will be the rate in effect at the time of loan disbursal.

New Auto Loans: Loan rate applicable to new vehicles only. New vehicles are where you are the original owner and the vehicle is a current (2017) or prior model year (2016). Up to 110% financing is available. Weight restrictions apply. Minimum loan amount $15,000 for 61-72 month term. Minimum loan amount $25,000 for 73-84 month term. PenFed does not permit internal refinances of an existing PenFed auto loan. “Smart” Car Collateral Restrictions: Financing available up to 110% of the Manufacturer's Suggested Retail Price (MSRP) including tags, title, taxes and extended warranties. Some restrictions apply. Financing is not available with a Payment Saver Loan for “Smart” cars, Trucks (including hybrids), and SUVs (including hybrids).

Rates as low as 1.49% APR apply to new vehicle loan amounts up to $100,000 financed for 12-36 months.

Rates as low as 1.99% APR apply to new vehicle loan amounts up to $100,000 financed 37-48 months.

Rates as low as 1.99% APR apply to new vehicle loan amounts up to $100,000 financed for 49-60 months.

Rates as low as 2.74% APR apply to new vehicle loan amounts up to $100,000 financed for 61-72 months.

Rates as low as 2.99% APR apply to new vehicle loan amounts up to $100,000 financed for 73-84 months.

Used Auto Loans: Maximum used car loan advance will be determined by PenFed using a NADA value. Financing is available up to NADA average retail value plus tags, title, taxes and extended warranties not to exceed 110%. Some restrictions apply. PenFed does not permit internal refinances of an existing PenFed auto loan. Call 800-247-5626 for details.

Rates as low as 1.99% APR apply to used vehicle loan amounts up to $100,000 financed for 12-36 months.

Rates as low as 2.49% APR apply to used vehicle loan amounts up to $100,000 financed for 37-48 months.

Rates as low as 2.99% APR apply to used vehicle loan amounts up to $100,000 financed for 49-60 months.

Rates as low as 3.61% APR apply to used vehicle loan amounts up to $100,000 financed for 61-72 months.

Financing for 61-72 month term is valid for model years 2017 - 2012. Rate depends on term. Other restrictions including vehicle and mileage limitations may apply.

Refinance Auto Loans: New vehicles are where you are the original owner and the vehicle is a current (2017) and prior model year (2016). For used vehicles, maximum used car loan advance will be determined by PenFed using a NADA value. Up to 100% financing is available to qualified members. PenFed does not permit internal refinances of an existing PenFed auto loan.

“Smart” Car Collateral Restrictions: Total financing is limited to 100% of the value and loan terms cannot exceed 60 months. Financing is not available with a Payment Saver Loan for “Smart” cars, Trucks (including hybrids), and SUVs (including hybrids).

Rates as low as 1.49% APR apply to new vehicle loan amounts up to $100,000 financed for 12-36 months.

Rates as low as 1.99% APR apply to new vehicle loan amounts up to $100,000 financed 37-48 months.

Rates as low as 1.99% APR apply to new vehicle loan amounts up to $100,000 financed for 49-60 months.

Rates as low as 2.74% APR apply to new vehicle loan amounts up to $100,000 financed for 61-72 months.

Rate depends on term. Other restrictions including vehicle and mileage limitations may apply.

Payment Saver Auto Loans:

How It Works

With Payment Saver Auto Loans, you will be able to make a lower payment than what the conventional auto loan would offer, yet at a higher interest rate. Then, at the end of the loan, you will owe the remaining balance of the loan itself. At this juncture, you may choose to pay off the loan or sell, trade, or refinance the vehicle.

Your Payment Saver Auto Loan payment is calculated based on the loan term, the amount you have requested, and the residual value of the vehicle. The residual is the expected value of your vehicle at the end of your loan term.

The difference between your loan amount requested and the residual value is amortized over the loan term, resulting in a low monthly payment without the danger of your becoming upside-down in the loan.

**Not a guarantee to refinance. Refinancing subject to Pentagon Federal current creditworthiness standards.

The residual value of the vehicle after the loan term is an estimation. We cannot guarantee this value. The residual value is subject to current used car market conditions and depends on a number of factors including, but not limited to, the mileage the car has been driven and the condition of the car at the end of the loan term.

Trucks, Vans, Crossover Vehicles, Smart cars and SUVs are not eligible as Payment Saver Loan vehicle types. This restriction includes hybrid trucks and SUVs as well.

Pre-approved drafts no longer available for Payment Saver loans.

NEW VEHICLES: Never titled; Current (2017) and prior model year (2016).

USED VEHICLES: Current (2017) and prior two model years (2016 & 2015).

The vehicle mileage may not exceed 15,000 miles per year based on the model year.

Used car loan value based on NADA Retail Value. Other restrictions may apply. Call 800-247-5626 for details.

Loan Payment Example: A $27,000 new auto financed at 2.49% APR; 60 monthly payments of approximately $379.00 each, with a final balloon payment of approximately $6,729.00.

This credit union is federally insured by the National Credit Union Administration. Rates are current as of December 2016 unless otherwise noted and are subject to change. APY = Annual Percentage Yield APR = Annual Percentage Rate

Estimated Market Value of Property

$

Mortgage Balance

$

Loan to Value Factors *

Requested Loan Amount

$

Term of Loan

Years

Your Interest Rate

Monthly Payment

* In Texas, the maximum owner occupied LTV allowed is 80% and non-owner occupied is LTV 75%. Additional restrictions apply in Texas, so please ask a representative for details. In states other than Texas, the maximum owner occupied LTV is 90% and non-owner occupied LTV is 80%. The maximum LTV for a condominium in all states is 70%.

Members: Open an ESA

If you have a Coverdell ESA with PenFed and would like to open an ESA Certificate, please call a member service representative at 1-800-247-5626.

Not Yet a PenFed Member?

Become a member and take advantage of products and exclusive offers!

To join, you need only fulfill two requirements:

Determine your eligibility

Open a Regular Share Account with at least $5

Defender Card Eligibility

In order to apply for the PenFed Defender Card at least one applicant
must be in an active military service status, a member of the Reserves or National
Guard, or an honorably discharged US military veteran.

Are you or your co-borrower one of the following?

Honorably discharged US Military Veteran

Please indicate your date of separation (mm/dd/yyyy):
/
/

Active in US Military

Please list your current unit:

Member of the National Guard

Please list your current unit:

Member of the Reserves

Please list your current unit:

None of the above

Card Application

We're sorry, but you're not eligible for this credit card. Please select another card option.